Equity LifeStyle Properties (NYSE:ELS) Issues Q2 2022 Earnings Guidance

Equity LifeStyle Properties (NYSE:ELSGet Rating) updated its second quarter 2022 earnings guidance on Monday. The company provided EPS guidance of $0.590-$0.650 for the period. The company issued revenue guidance of -.Equity LifeStyle Properties also updated its FY 2022 guidance to $2.680-$2.780 EPS.

A number of research firms have recently commented on ELS. Royal Bank of Canada dropped their target price on Equity LifeStyle Properties from $85.00 to $82.00 and set a sector perform rating on the stock in a research report on Wednesday, January 26th. Zacks Investment Research cut Equity LifeStyle Properties from a buy rating to a hold rating in a research report on Wednesday, March 30th. Finally, StockNews.com began coverage on Equity LifeStyle Properties in a research report on Thursday, March 31st. They set a hold rating on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Equity LifeStyle Properties presently has an average rating of Hold and a consensus price target of $83.75.

ELS stock opened at $78.65 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43. Equity LifeStyle Properties has a 12-month low of $67.05 and a 12-month high of $88.70. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 55.00, a PEG ratio of 4.81 and a beta of 0.63. The business’s 50-day moving average is $76.48 and its 200 day moving average is $80.56.

Equity LifeStyle Properties (NYSE:ELSGet Rating) last issued its earnings results on Monday, April 18th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.25). The company had revenue of $360.20 million for the quarter, compared to analyst estimates of $305.59 million. Equity LifeStyle Properties had a return on equity of 19.44% and a net margin of 20.64%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, equities analysts forecast that Equity LifeStyle Properties will post 2.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 25th were issued a dividend of $0.41 per share. This is a boost from Equity LifeStyle Properties’s previous quarterly dividend of $0.36. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, March 24th. Equity LifeStyle Properties’s payout ratio is currently 114.69%.

Institutional investors have recently modified their holdings of the company. KB Financial Partners LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $32,000. Virtu Financial LLC purchased a new stake in shares of Equity LifeStyle Properties during the 4th quarter valued at approximately $200,000. MML Investors Services LLC raised its position in shares of Equity LifeStyle Properties by 13.8% during the 4th quarter. MML Investors Services LLC now owns 3,602 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 436 shares during the period. Comerica Bank raised its position in shares of Equity LifeStyle Properties by 2.0% during the 4th quarter. Comerica Bank now owns 7,007 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 139 shares during the period. Finally, Walleye Trading LLC raised its position in shares of Equity LifeStyle Properties by 69.6% during the 4th quarter. Walleye Trading LLC now owns 9,508 shares of the real estate investment trust’s stock valued at $833,000 after buying an additional 3,901 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

About Equity LifeStyle Properties (Get Rating)

We are a self-administered, self-managed real estate investment trust (ÂREITÂ) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

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